Steve Grob
Traders Magazine Online News

The Periodic Table

Fidessa's Steve Grob has written a response to Marcus Ferber writing to ESMA condemning periodic auctions. The blog strongly criticizes Ferber's approach, and looks at the problems behind the "lit is good and dark is bad" attitude.

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Traders Magazine Online News

Block Crypto Venue HiveEx Launches Amid Vast Adverse Selection

– A new report into the cryptocurrency exchange market has uncovered a bleak reality, with potentially thousands of dollars wasted by people who make large cryptocurrency trades on exchanges.

ESMA Monitoring Market Data Fees

– The European Securities and Markets Authority said it shares concerns that have been raised over the increase in fees for market data in the region and intends to take a closer look at recent developments.

NYSE Reported in Talks to Buy CHX

– The New York Stock Exchange is in advanced talks to buy the Chicago Stock Exchange, potentially scooping up the smaller venue after its sale to another buyer collapsed, according to people familiar with the matter.

Weekly Corporate Event Highlights

– Staying on top of corporate events is critical for any investment firm. Here are the selected events from Wall Street Horizon impacting the most widely held securities scheduled for this week.

Consolidated Tape Needed In Europe

– Fixed income market participants said a consolidated tape is needed as soon as possible in Europe in order to meet the increased transparency desired by new regulation.

Deutsche Börse and HQLAX Join to Build Securities Solution on the R3 Corda Blockchain

– Deutsche Börse Group and HQLAX have signed a Letter of Intent to form a strategic partnership for the creation of an innovative securities lending solution using the R3 Corda blockchain platform.

OTC Markets Group Launches New Stock Promotion Flag

– Traders will now be able to view on their OTC screens a new stock promotion flag that will enable investors to easily identify securities that are the subject of current promotional activity.

Cboe Pushes for Cryptocurrency-Backed ETF

– Cboe Global Markets once again has prodded the US Securities and Exchange Commission to approve cryptocurrency based exchange-traded products.

OTC Markets' Transfer Agent Verified Shares Program Adds Empire Stock Transfer

– OTC Markets Group launched the Transfer Agent Verified Shares Program initiative with the goal of providing investors current and reliable share data on OTCQX, OTCQB and Pink securities.

Traders Q&A: Matt Wolfe Discusses Securities Lending

– Matt Wolfe, Vice President of Product Development, discusses in this Q&A the key issues that may affect the securities lending market in 2018.

QUICK TAKE: Moody’s Says CMA Acquisition of NEX Is a ”Good Fit”

– In this QUICK TAKE, Moody’s analyst and senior vice president Donald Robertson said that the announcement of CME to purchase the NEX is a good fit and makes sense to him.

Visible Alpha Announces HSBC as a New Investor; Launches Research Advisory Board

– Visible Alpha adds HSBC to the group of leading bank investors in the company. VA also has launched an industry advisory board.

NetXpress Joins Metamako to Provide Low Latency Connectivity

– The combination of NetXpress’ proprietary connectivity solution and Metamako’s ultra-low latency Layer 1 and FPGA-enabled switches delivers native market access to trading clients such as: banks, hedge funds, proprietary trading shops and ISVs

Cboe Global Markets Announces Launch Date for Cboe Market Close

– The creation of the CMC order type was prompted by increasing demand from a range of industry participants frustrated by rising closing auction fees.

Backstop Solutions Group Launches New Product Enhancements

– Backstop’s suite of cloud-based productivity solutions helps institutional investment firms maximize their time by automating middle-and-back office processes, allowing team members to focus on revenue-generating activities.

FLASHBACK FRIDAY: The SEC Raises Stakes in Self-Regulation

In this week's Flashback Friday story, Traders Magazine looks aback to 2005 and the debate as to who the equity market have as a sole or top regulator? And if so, who should it be? The SROs? FINRA? SEC?

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